System Optimization of New Rural Social Pension Insurance in the Financial Investment Burden-sharing and Mechanism-质量院英文网
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System Optimization of New Rural Social Pension Insurance in the Financial Investment Burden-sharing and Mechanism

April 7, 2016

Xu Qiang and Zhang Kaiyun

(College of Public Management, South China Agricultural University)


Abstract: The State Council issued a guidance to establish a new rural social pension insurance system in 2009, the system increased government financial investment and achieved better construction results, but the financial investment burden-sharing mechanism is not perfect in the system: Firstly, the responsibility between central and local finance divided unreasonable; Secondly, there is no uniform standards of the finance responsibility division of all levels government; Thirdly, the local government faced greater financial hard constraints.Based on the theory of fiscal federalism, on the status of financial investment burden-sharing and problem analysis, we proposed policy advice and recommendations to optimize the system: Firstly, the central government's financial investment should primarily reflect the apportion of basic pension and financial transfer payment.Secondly, local governments fiscal responsibility should consider two issues: the overall investment volume and the sharing mechanism of local governments at all levels; Thirdly, we should ease the financial difficulties of local governments through fiscal transfer payment system.


Key Words: New Rural Social Pension Insurance System; System Optimization; Financial Investment; Shared Responsibility


Address: http://www.hgzlyj.com/manage/images/image/20150710160950_1459.pdf